Cano Says Colombia Needs Expansive Policy for Very Long Time

Colombian monetary policy needs to remain expansive for a “very long time”, central bank co- director Carlos Gustavo Cano said today in an interview on Javeriana Radio.

“The principles that we follow indicate that there is a space to continue with an expansive posture and, not only is there space to continue an expansive posture, but I feel there is a need to continue with this posture for a very long time.”

Colombia’s economy has a potential growth rate of 4.8 percent, and is likely to grow less than that in 2013, Cano said.

To contact the reporter on this story: Oscar Medina in Bogota at omedinacruz@bloomberg.net

To contact the editor responsible for this story: Matthew Bristow at mbristow5@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.